E.On raises gas and electricity prices

The power company E.On has announced price rises of 9 per cent for electricity and 3 per cent for gas from next month, blaming "rising industry costs". The firm said the increase will add 16p a day to its dual fuel customers, adding that wholesale energy prices have soared by 35 per cent since last spring.

Managing director Graham Bartlett said: "We now have no option but to make this change due to increases in the prices we pay for gas and electricity."